---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-027177"
form_type: "8-K"
ticker: "WKSP"
cik: "0001096275"
company_name: "Worksport Ltd"
filed_at: "2025-12-11T23:59:59+00:00"
generated_at: "2026-05-16T13:27:58.164828+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Worksport raises ~$6.4M in warrant inducement; holder exercises 2.19M shares at $2.90, gets new warrants at $3.00

## Summary
- Holder exercises existing warrants for 2,194,526 shares at reduced price of $2.90/share, yielding ~$6.4M gross proceeds.
- Company issues inducement warrants to purchase up to 3,840,421 shares at $3.00/share, exercisable after 6 months, term 5.5 years.
- Engaged Maxim Group LLC as exclusive placement agent; closing expected December 12, 2025.
- Company agrees to file resale registration statement for new warrant shares within 60 days.
- Company agrees to no further equity issuances or Variable Rate Transactions for 60 days and 6 months respectively.

## SEC filing metadata
- accession: 0001493152-25-027177
- form_type: 8-K
- ticker: WKSP
- cik: 0001096275
- company_name: Worksport Ltd
- filed_at: 2025-12-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1096275/000149315225027177/0001493152-25-027177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1096275/000149315225027177/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-027177
- JSON: https://secwatch.observer/filing/0001493152-25-027177.json
- Plain text: https://secwatch.observer/filing/0001493152-25-027177.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.